Author: iHub News
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North American Morning Briefing: Stocks Look to Extend Latest Rally
Market Wraps Watch For: Employment Trends Index for October Today’s Top Headlines/Must Reads: – These Funds Offer a Way to Lock In High Bond Yields – Foreign Firms Pull Billions in Earnings Out of China – Markets Got an Unexpected Boost From Washington. Will It Mark a Turning Point? Opening Call: Stock futures nudged higher…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Idorsia added 9% and Ryanair Holdings rose 5.8%. On the other hand, Aroundtown…
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Top Company News of the Day: Telecom Italia, LVMH, Bain, Tesla
Telecom Italia Backs KKR’s $20 Billion Offer for Network Assets Telecom Italia has approved the sale of its fixed-line network to KKR , part of a plan by the former monopoly to reduce increasingly unmanageable amounts of debt. LVMH to Buy Eyewear Brand Favored by the Stars A deal for Barton Perreira comes as the…
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U.S. Stocks Extend Rally Following Weaker Than Expected Jobs Data
Capping off a strong week for the markets, stocks moved considerably higher during the trading session on Friday. The Dow and the S&P 500 closed higher for the fifth straight day, while the tech-heavy Nasdaq extended its winning streak to six sessions. The major averages pulled back off their best levels going into the close…
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Futures Advance As Job Growth Falls Short Of Estimates
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the strong upward move seen over the past several sessions. The futures advanced following the release of a Labor Department report showing U.S. employment rose by less than expected in the month of October.…
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North American Morning Briefing: S&P 500 Futures Pause After Soft Apple Guidance
Market Wraps Watch For: Employment Report for October; ISM Report on Business Services PMI for October; Canada Labour Force Survey for October; Enbridge earnings Opening Call: Stock futures were lackinhg momentum on Friday ahead of key payrolls data and after soft guidance from Apple. Stocks have been rejoicing as the long-end of the Treasury curve…
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US Futures Flat, European Stocks Rise
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Scatec added 6.7% and Andritz rose 6%. On the other hand, A.P. Moeller-Maersk B…
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Top Company News of the Day: Google, Lenlease, Coinbase, Macquarie, Starbucks
The AI Deals Enriching Silicon Valley’s Tech Giants Microsoft, Amazon and Google are getting billions in revenue from providing expensive cloud services to the startups they are backing. Google, Lendlease Scrap $15 Billion Real-Estate Development in Silicon Valley Australian real-estate company Lendlease said it had mutually agreed with Google to end a development agreement for…
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U.S. Stocks Rally As Latest Data Adds To Interest Rate Optimism
Extending the strong upward move seen over the past several sessions, stocks moved sharply higher during trading on Thursday. The major averages all showed significant moves to the upside, climbing further off last week’s multi-month lows. The major averages saw continued strength going into the close, ending the session near their best levels of the…
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Optimism About Interest Rate Outlook May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen over the past few sessions. Optimism about the outlook for interest rates may contribute to strength on Wall Street following the Federal Reserve’s monetary policy announcement on Wednesday. The Fed…